Fed
Hides Destination Of $2 Trillion In Bailout Money
Fails to comply with congressional demands for transparency, underscoring
age-old problem of top down socialism and letting the fox guard the
henhouse

The Federal
Reserve is facing a lawsuit after it failed to comply with congressional
demands for transparency and disclose the destination of at least $2
trillion dollars in bailout funds, underscoring once again the failure
of top down socialism and the folly of trusting the foxes to guard the
henhouse.

"The Federal Reserve is refusing
to identify the recipients of almost $2 trillion of emergency loans
from American taxpayers or the troubled assets the central bank is accepting
as collateral," reports
Bloomberg.

"Fed Chairman Ben S. Bernanke and Treasury Secretary
Henry Paulson said in September they would comply with congressional
demands for transparency in a $700 billion bailout of the banking system.
Two months later, as the Fed lends far more than that in separate rescue
programs that didn't require approval by Congress, Americans have no
idea where their money is going or what securities the banks are pledging
in return."

Bloomberg has requested details of the Fed lending
under the U.S. Freedom of Information Act and filed a separate lawsuit
in an effort to find out where the money has gone.

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President elect Barack Obama, who in
a September 22 campaign speech promised to "Make our government
open and transparent so that anyone can ensure that our business is
the people's business," refused to comment on the story when contacted
by Bloomberg, which is no surprise considering the fact that the man
who guaranteed "change" has indicated he will not only follow
the Bush administration policy of a socialized financial system, but
radically expand it.

The Fed's secrecy on the issue of where
the bailout money is going underscores the age-old problem with top
down socialism as a tool of re-shaping the economic landscape. The promise
to fairly re-distribute the wealth, with full accountability, to achieve
a solution that will ultimately benefit everyone, is trumped by the
cold reality of the fact that corrupt elites, once the taxpayers have
been suckered into believing the lie, merely hoard all the money for
themselves and don't redistribute it to anyone apart from their own
inner circle of cronies.

But what else could we have expected
upon hearing that ex-Goldman Sachs executive Neel
Kashkari was appointed by Paulson to dole out the ill-gotten gains
of the bailout to the rest of the corporate crooks?

Kashkari: A man you can trust.

If you let the fox guard the henhouse
then he's going to eat the chickens.

In this case, the Fed and the gaggle
of bastard banker children sucking on its teat, gobbled up $5
trillion plus in taxpayers' money and then figuratively stuck the
middle finger up when questions were asked about where that money was
going.

Meanwhile, the bailout has had no effect
whatsoever, increasing the severity of the financial downturn and allowing
the same elite to exploit the crisis as a pretext for centralizing control
of the world economic system and creating a new world order and a single
global currency.